Delivery Dependent on Access to Long-Term Contracts for Power
A study has found that the UK Government could deliver 1GW of new onshore wind capacity – enough to meet the equivalent annual demand of 600,000 homes - at no additional cost to consumers over and above the long-term wholesale price of power.
However, delivery is dependent on mature renewables being able to bid in auctions for long-term contracts for clean electricity, such as those offered to offshore wind and the new nuclear facility at Hinkley Point.
The report, produced by industry experts Baringa Partners, is based on the latest evidence on the costs of onshore wind and other established renewable technologies such as large scale solar power.
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